China has been cutting them for years, it's not as worrying as it used to be. Once upon a time they held the majority of bonds, but that's no longer the case.
I was a teenager in the eighties. I remember a "jungle" trend (khaki), purple paisley, bottle green, grey with abstract prints, light pink and grey t-shirts with the sleeves cut off and lapis blue. I have NO idea where the idea of "it was all neon" comes from.
China has been cutting them for years, it's not as worrying as it used to be. Once upon a time they held the majority of bonds, but that's no longer the case.